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PRIME BROKERAGE CLEARANCE SERVICES AGREEMENT SIA FORM 151 SIA Form 151 (8/94) 1 Customer Agreement for Prime Brokerage Clearance Services: Customer Name: Account Number: This Agreement sets forth.

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A custodian is a financial firm that holds financial assets for safekeeping to minimize the risk of theft or loss. While a prime broker may offer custody services, they also offer additional services including credit facility, clearing, execution, and so on.

Introducing Broker vs Clearing Broker vs Executing Broker The clearing broker handles the trade and manages the account. In contrast, an executing broker processes buy orders and sell orders. An IB delegates the work to different brokers. In contrast, a clearing broker or executing broker executes the trade themselves.

Hedge funds are typical prime brokerage clients, although other large professional investors can also use this type of service. Legally, there's a minimum requirement of $500,000 in equity to get prime brokerage services. Almost all clients are much larger. It's common for clients to have $50 million or more in equity.

Prime Brokerage Clearance Services Agreement (Form 151)

A prime brokerage agreement is a contract between an investment bank and a large client, such as a hedge fund. Through this agreement, the bank provides special services to the client in exchange for its prime brokerage fees.

Use the Authorized Representative Declaration (Power of Attorney) (Form 151) to authorize the Michigan Department of Treasury (Treasury) to communicate with a named individual or entity acting on your behalf.

Prime Brokerage Agreement (Form 150) An agreement between a prime broker and an executing broker whereby the prime broker provides prime brokerage services in compliance with the SEC Prime Brokerage No Action Letter.

When discussing trades, clearing means placing the actual trade with the exchange. This can only be done by a clearing broker who works for the exchange, not an executing broker, who works for a brokerage. Execution is when the trade is finalized by being "cleared" through the exchange.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232